Michigan officials rescheduled a $100 million general obligation bond sale Nov. 15 from Wednesday, pushing it back amid market disruption from Hurricane Sandy.

“We just think it’s better to move it,” said Joseph Fielek, the executive director of the Michigan Finance Authority. “We’re in no real hurry to do the deal, as it’s a pure refunding.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.